Market Snapshot: Bitcoin’s haven claim is destroyed amid broad pummeling of riskier assets [MarketWatch]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: MarketWatch
Bitcoin’s haven claim is destroyed amid broad pummeling of riskier assets In a week where investors sought cover, one asset that had been touted as a potential alternative haven to shield against any market turmoil proved to be anything but that. In the space of just 10 days, bitcoin, BTCUSD, -1.02% the world’s largest digital currency, fell through $6,000, then waved goodbye to $5,000 before eventually finding some support ahead of $4,000. All told, the so-called next digital gold lost around 30% over those 10 days and is down more than 80% from its all-time high. Although just a fraction of the total value of global markets, the demise of the nascent product has burned many of its proponents, who saw it as an alternative to traditional currencies. “Everyone who still believes in cryptocurrency bought all they could afford months ago and now there is no one left to buy,” said Jani Ziedins of Cracked.Market in a Friday note to clients. Further reading: Bitcoin is imploding — here
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News
- Why Marathon Oil (MRO) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Marathon Oil (MRO) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Co. (NYSE: MRO) had its price target raised by analysts at Morgan Stanley from $26.00 to $27.00. They now have an "equal weight" rating on the stock.MarketBeat
- RSPG: This Energy Fund No Longer Offers An Attractive Entry Point (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Marathon Oil Co. (NYSE: MRO) had its price target raised by analysts at Scotiabank from $35.00 to $45.00. They now have a "sector outperform" rating on the stock.MarketBeat
MRO
Earnings
- 2/21/24 - Beat
MRO
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- MRO's page on the SEC website